Point Roberts Marina sold to overseas investors

By Meg Olson

A group of Asian investors has purchased the Point Roberts Marina and former owner Steve MacKay is confident they are ready and able “to take the marina to a new level.”

Representing the buyers, local developer Wayne Knowles would not disclose the terms of the sale but confirmed the May 11, 2015 sale of the marina to Boundary Bay Investments LLC. The Washington Secretary of State does not list governing persons for the corporation. The registered agent listed is PTSGE Corp, a legal firm representing a number of Washington corporations, perhaps most notable as the former agents for Microsoft Corporation.

According to the Washington Department of Revenue, Boundary Bay Investments LLC shares the same address on Denman Street in Vancouver as Mengfa International Resources Inc. One of the principals of that company, Gao Zhu, is purported to be one of the investors in the Cottages at Seabright Farms. Bloomberg Business also lists Gao as the chairman of Inner Mongolia Mengfa Coal and Charcoal Co. Ltd.

MacKay said they have been looking for ways to “bring in those with not only resources but a vision” to develop the marina and its properties into “the finest West Coast port for traveling and living.”

After turning down offers from several potential buyers who were primarily interested in the marina as a “holding property,” MacKay said they were approached by the new owners, already involved in the “sporting industry,” and he was “intrigued by their vision.” After several weeks traveling to their homes and businesses in Asia he returned home convinced he had found the right buyer.

“This transaction is good news for both the Marina and Point Roberts,” MacKay said. “It is time to take the marina and surrounding lands to a new level and the new owners certainly have the ability and resources to achieve this goal.

MacKay said he and his wife Meagan would continue to own and operate the Pier Restaurant and will be adding a new wine and tapas space, “Top of the Pier” this summer.

Knowles said he will be spearheading the refurbishment of the Marina.

Leave a Reply

Your email address will not be published.